Home Markets EMERGING MARKETS-Chile’s peso hits 15-month low as inflation fears dent Latam FX

EMERGING MARKETS-Chile’s peso hits 15-month low as inflation fears dent Latam FX

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* Chile’s peso down over 1% * U.S. payrolls elicit mixed market reaction * Latam stocks rise, head for weekly losses By Ambar Warrick Oct 8 (Reuters) – Chile’s peso led losses among Latin American currencies on Friday after a bigger-than-expected jump in inflation, while concerns over a broader rise in consumer prices weighed on most other regional units. Chile’s peso slumped 1.2% to its weakest level since July 2020, after data showed that consumer price inflation surged well above central bank estimates in September. Chile has been grappling with high inflation as a strong COVID vaccination campaign spurred a swift return to economic normality in the country. But the central bank has been far less hawkish than its regional peers. Losses in copper prices also weighed on Chile’s currency. Emerging markets showed a mixed reaction to U.S. non-farm payrolls coming in drastically below expectations, as analysts questioned whether it provided enough…

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